Money
China's Everbright Bank plans H-share IPO
Updated: 2011-02-21 09:17
(Xinhua)
BEIJING - China Everbright Bank will issue no more than 12 billion shares in Hong Kong, the bank announced Sunday.
The H-share IPO will be made through a public offering and global allocations, the mid-sized bank said in a statement filed with the Shanghai Stock Exchange.
The H-share IPO is expected to be finished within this year.
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Headquartered in Beijing, the bank made its debut on the Shanghai stock market on Aug 18, 2010, raising 18.9 billion yuan ($2.9 billion) at the IPO price of 3.1 yuan a share.
The lender reported 12.7 billion yuan of net profit last year, up 65.9 percent year-on-year.
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